Flipkart secures USD 200 million from existing investors including Naspers, Accel and Tiger Global

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Flipkart has raised USD 200 million from its existing investors including Naspers, Accel and Tiger Global. It is the largest amount to be invested in an e-commerce company in India. The funds will be used for building and strengthening Flipkart’s technology capabilities, bolstering the robust supply chain and developing the talent pool.Previously, Flipkart raised a $150 million funding round in August 2012 and since then has been coming up with new developments. Flipkart launched its marketplace earlier this year which is essentially a virtual mall giving shoppers access to multiple brands and sellers under one roof. And more recently, they launched the online payment solution- PayZippy.

With this investment, Flipkart aims to reach their goal of $1 billion GMV by 2015 and also aim for bigger milestones in the future.

Sachin Bansal, Co-founder and CEO of Flipkart.com said,

This investment validates the belief that our investors have not only in our capabilities as a market leader – but also in the potential of e-commerce in India.

Some interesting stats:

  • Registered users - 96 lakhs
  • More than 10 lakh unique visitors every day
  • Peak items shipped in a day - 1.3 lakhs (June 2013)

Flipkart also has a strong developer culture which is showcased via their annual Hack Days. See our coverage of the Hack Days for 2011 and 2012.

Website: Flipkart

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